Constellation Labs ($DAG)

Overview

Constellation is a DAG protocol that runs smart contracts as microservices.

Project stage

Prototype

Detailed description

Constellation Labs aim to compete in the next generation of network, post what we know as blockchain now – the DAG era. Constellation is a fault-resistant, horizontally scalable, distributed operating system that runs smart contracts as microservices, all built utilizing JVM for its programming language and DAG architecture.

Constellation presents a reformulation of cryptographically secure consensus into a modern server-less architecture and sets out to solve the scalability and “centralization” of current blockchains.

This design technique allows unlimited scalability and increased throughput for the network. The reformulation of consensus into server-less architecture aims to solve the scalability problem to allow mainstream applications to adopt blockchain technology.

Problem

Despite the goal of decentralization, cryptocurrencies are operated and secured by increasingly centralized networks and mining organizations that control the security of the network. With the rise of post Bitcoin networks such as Ethereum, the initial goal of processing financial transactions has been expanded to provide trustless distributed computation by way of the EVM and its smart contract system of logic.

While diverse and creative implementations of these distributed protocols exist, they are soiled from existing mainstream software and as such there is a high barrier to entry. It is highly costly and time-intensive for enterprises to develop, deploy, and maintain robust distributed applications using unfamiliar coding languages and design patterns.

Additionally, scaling such an application to the performance demands of even a modest enterprise use-case is practically impossible on top of current state-of-the-art public blockchains. To overcome these technical challenges blockchain technology requires a self-sustaining protocol that functions as a horizontally scalable, cost effective, and efficient distributed operating system.

Bitcoin was created to solve the problem of distributed consensus for financial transactions, but relied upon the energy intensive consensus process known as proof of work. This pools vertical computational power from a select few individuals with well-developed and hence centralized computing power. This puts network security and rewards into the hands of the same select few. As scaling debates have escalated within these cabals it has led to the creation of several Bitcoin forks such as Bitcoin Cash and Bitcoin Gold.

These separate political factions are highly divisive and damaging to the ecosystem. Antiquated throughput requirements (i.e. capped 1MB block size) combined with a time intensive algorithm has caused transaction times and transaction fees to skyrocket. Ethereum uses a similar but ASIC-resistant proof-of-work consensus algorithm and is moving to a proof-of-stake consensus mechanism, Casper.

With proof-of-stake there is a democratic imbalance where those with the most money get to choose the state of the network through consensus. Ethereum pioneered the use of smart contracts, however due to their synchronous execution, consumer ready distributed applications are severely bottle necked.

Solution

The blockchain development community has been looking for new implementations of distributed ledger technology to solve the scalability issue and has so far failed to solve this. The problem still remains: how can we process more transactions and perform more services in less time with less cost?

Constellation Labs proposes a horizontal scaling approach that applies techniques similar to MapReduce. Horizontal scalability is the application of concurrent programming; it means that as users join the network, transaction throughput increases. MapReduce is a process of breaking computation into simple operations that can be fed into an asynchronous DAG (directed cyclic graph) of computation, thereby increasing the efficiency of an already concurrent program.

Features

Horizontally scalableThroughput increases linearly with the number of nodes. Fast transactions: Transactions are faster than Bitcoin or Ethereum by a factor of 1000.

No transaction feesReputation based incentives eliminate transaction fees. Truly decentralized: Every participant can contribute to consensus.

Additional links

Token details

Token symbol
? Token symbol — a shorten token name. It is used during an ICO and after the coin listing at the cryptocurrency exchanges. :$DAG

Fundrasing target ? Fundraising target — the maximum amount of funds to be raised during an ICO. When it is reached, the developers stop selling the tokens because they do not need to raise more money for the project development. : 33,700,000 USD

Token type ? Token type — a platform for a startup launch that influences the stability of blockchain operation, the speed of transactions and the fees. :Ethereum (ERC20)

Soft cap ? Soft cap — the minimum amount of funds to be raised for the project development. Sometimes when the soft cap has not been reached, the money is returned to the participants. : NA

Role of token ? Role of Token — type of token depending on the opportunities it offers to its owner. Utility tokens give their owners a right to use the project services, security tokens are aimed at bringing profit, and currency tokens are a money substitute. :Utility token

Total supply ? Total supply — a total amount of tokens that will be released by the developers. :4,000,000,000 $DAG

Escrow agent ? Escrow agent — a qualified agent who has the right of signature in a multisig wallet. An escrow agent participates in an ICO, monitors the financial operations of the developers and confirms their fairness. :No

Tokens for sale ? Tokens for sale — the number of tokens offered to the participants of an ICO. :730,124,835 $DAG

Whitelist ? Whitelist — a list of participants, who get an opportunity to buy tokens. To be whitelisted, you need to register on time because the number of participants and the registration period are usually limited. :Whitelist Open

Additional emission ? Additional emission — an additional release of tokens. It can be done once after the crowd sale or on an ongoing basis. In the projects with a limited emission there is no additional emission. :No

Exchange listing ? Exchange listing — an assumed date when the token will be listed at a cryptocurrency exchange. The developers usually indicate it in a roadmap and a white paper. :NA

Accepting currencies ? Accepting currencies — cryptocurrencies and fiat currencies that can be used for buying the project tokens. :ETH,

Can't participate ? Can't participate — the countries where it is prohibited to buy tokens. These can be countries where ICOs are prohibited altogether, or countries that have the requirements that a particular project does not meet. :USA,

Know Your Customer (KYC) ? Know Your Customer — a verification procedure for ICO participants, during which the developers can ask for personal data, a photo and a scanned copy of a passport of a potential investor. :Yes

Private Sale:Tokens issued at a discount will be locked up until 12/1/18.

Sale schedule

Round

Token Price

Bonus

Min / Max Purchase

Soft Cap

Hard Cap

6th AirDrop —
Soon
11 Dec 00:00 UTC

NA

No

-

Uncapped

1,250 $DAG

5th AirDrop —
Soon
13 Nov 00:00 UTC

NA

No

-

Uncapped

1,250 $DAG

4th AirDrop —
Soon
16 Oct 00:00 UTC

NA

No

-

Uncapped

1,250 $DAG

3rd AirDrop —
Soon
18 Sep 00:00 UTC

NA

No

-

Uncapped

1,250 $DAG

2nd AirDrop —
Active
14 Aug 00:00 UTC

NA

No

-

Uncapped

1,250 $DAG

1st AirDrop —
Ended
07 Jul 00:00 UTC24 Jul 00:00 UTC

NA

No

-

Uncapped

1,250 $DAG

Private Sale —
Ended
01 Jan 00:00 UTC31 Jan 00:00 UTC

NA

No

-

Uncapped

33,700,000 USD

Team

Brendan Playford

CEO

Wyatt Meldman-Floch

CTO

Benjamin Jorgensen

COO

Altif Brown

CCO

Emily Arth

VP of Operations

Zac Russell

Head of Marketing

Brion Hickey

VP of Product

Ryle Goehausen

VP of Engineering

Preston Parris

Engineer / Distributed Systems

Ratul Saha

Statistical Model Checking

Michael Salmon

VP of Product Engineering

Cate Rung

Chief of Staff

Advisors

Darius Rugevicius

Tom Graham

Alex Yamashita

Jake Vartanian

Blockchain Advisor

Benjamin Diggles

Business Development Advisor

Mathias Goldman

Roadmap

Apr 2018

Marketing commences

Full white paper release

May 2018

Whitelist registration

Jun 2018

Developer portal

Ambassador program

Constellstion fund

Jul 2018

Airdrop 1 event

Testnet live

Activity

Social

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